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Blue Dart Express, PC Jeweller, Tata Steel, BoM, Tech Mahindra: Check top buzzing stocks of the day 

Swati Verma
By Swati Verma

4 min read | Updated on October 01, 2024, 13:26 IST

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SUMMARY

Shares of Blue Dart Express were trading over 6% higher at ₹8,690 apiece on the BSE after the courier services provider on Monday said it will increase the prices of its shipments between 9 and 12% from January 1, 2025.

Stock list

PCJEWELLER
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NTPC
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TATAPOWER
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MAHABANK
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Tech Mahindra shares were trading nearly 3% higher.

Tech Mahindra shares were trading nearly 3% higher.

Stock market today: Benchmark indices were trading in the green in noon deals on Tuesday, October 1; however, they were off day's high levels. The S&P BSE SENSEX was trading at 84,372.25, up 72 points, or 0.09%, while the NSE NIFTY50 was trading at 25,822.10, up 11.25 points, or 0.04%. 
Here is a list of the top buzzing stocks of the day. 
Blue Dart Express: Shares of Blue Dart Express were trading over 6% higher at ₹8,690 apiece on the BSE after the courier services provider on Monday said it will increase the prices of its shipments between 9 and 12% from January 1, 2025.

The pricing adjustments for 2025, which include inflationary adjustments and cost rationalisation, are designed to partly cover spiraling long-term costs, such as rising input costs to operations, including airline operating costs and infrastructure costs, among others, the company said.

Blue Dart will implement the General Price Increase (GPI) from January 1.

PC Jeweller: After hitting a 5% upper circuit limit in the morning trade, PC Jeweller stock slipped in the red and was trading 2.5% lower at ₹173.50 on the BSE. 

The company on Monday announced the sub-division of its equity shares in a ratio of 1:10. 

This means the company will split one existing fully paid-up equity share, having a face value of ₹10 each, into 10 shares having a face value of ₹1, according to an exchange filing. This stock split will lead to the rise of the total number of shares from over 46.5 crore to 465.4 crore, as per news reports. 

Tata Steel: Shares of Tata Steel were trading 0.4% lower at ₹167.80 apiece on the BSE after Tata Steel-owned Port Talbot plant in South Wales hit a significant milestone on Monday when its Blast Furnace 4 ceased operations after over 100 years, marking an end of "legacy" steelmaking as the UK's largest steelworks transitions towards greener steelmaking.

The Mumbai-headquartered steel giant said it is looking ahead to a “brighter, greener future” for the historic site and sustaining more than 5,000 jobs.

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Bank of Maharashtra: Shares of the company were trading flat with a positive bias on Tuesday, October 1, as the public sector lender launched QIP on Monday, September 30, to raise up to ₹3,500 crore. The floor price for the same has been fixed at ₹60.37/share.

The indicative issue price is ₹57.36 apiece, which would mark a discount of 4.86% against the current market price. The lender is looking to offload up to 8.6% stake, or 61 crore shares, through the QIP, as per news reports. 

Tech Mahindra: Tech Mahindra shares were trading nearly 3% higher at ₹1,622.60 apiece on the BSE. As per news reports, CLSA said that Tech Mahindra is already seeing its EBIT margin expand from current levels, and the next milestone will be an expanding order book, as there are no major upticks in order bookings currently.
NTPC, Tata Power: Shares of NTPC and Tata Power were trading in positive territory on Tuesday, October 1. Shares gained in trade on the back of deal with Rajasthan government for renewable energy projects.

NTPC stock gained as its subsidiary NTPC Green Energy (NGEL) inked an initial pact with the Rajasthan government to develop 25 GW of renewable energy projects.

Tata Power shares rose after the company said it has inked an initial pact with the Rajasthan government for investment of ₹1.2 lakh crore, including ₹75,000 crore in green energy, in the state's power sector.

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RITES: Shares of the public sector enterprise were trading over 2% lower at ₹338 apiece on the BSE. The company earlier secured a significant international contract valued at $4.28 million.
RITES said it has received a Letter of Acceptance (LOA) from Tsiko Africa Logistics (Pty) Limited for the supply, commissioning, and one-year onsite warranty of an overhauled in-service Cape Gauge 3100 HP diesel electric locomotive.

About The Author

Swati Verma
Swati Verma is a business journalist with over 10 years of experience. She closely tracks stock markets and covers breaking news related to markets, business and personal finance.

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